LFP039 – A Deep Dive Into the World of Startup & Small Fintechs with Alexandre Gaillard CEO InvestGlass

In this episode we are taking a break from talking to the biggest players in London Fintech and dive instead into the far more numerous, if lower profile, world of small Fintechs.

Given the outburst of tech and business creativity right now there have been plenty of new and young companies forming in this sector – both from the Fin side and the Tech side of the FinTech phenomenon.

It’s admirable that so many folks are foregoing the wage slavery and potential necessity to be a clone to fit into giant FS or IT firms and starting out on their own. Equally as all the stats show it’s a highly risky path with the vast majority falling by the wayside.

How do startup and small Fintechs alter the odds?

What is it like working at the smaller end of the Fintech ecosystem?

I am delighted to be joined to discuss this topic by Alexandre Gaillard. He is uniquely qualified being the founder and CEO of a small Fintech Investglass and the Founder of the Swiss Fintech Meetup.

There’s plenty to talk about in this world and amongst the many topics we discuss are:

– what folks actually do when listening to the podcast 🙂

– what it’s like going solo and leaving #oldFS employment and starting in Fintech

– a large dose of discussing Switzerland, Swiss Fintech and the Swiss Fintech Meetups (Geneva, Zurich)

– West coast and East coast Fintech styles in the US and Switzerland (erm?)

– the challenge of connecting to banking systems in general given Swiss Banks historically very confidential business model

– the need for a certain amount of craziness to form a startup in the first place let alone where a client base (if in #oldFS) is very conservative

– the role of incubators and accelerators and how the whole phenomenon is going – positives and negatives; the lack of “performance data” in that sector – which is for example the most successful one in London – or can’t we tell [#transparency anyone? :-)]

– challenges around building product

– important lessons Alexandre learned from the failure of his first Fintech [InvestGlass being his second Fintech he formed]